Outlier Ventures Weekly Brief Issue #5 |   View Online
How do we solve the growing data monopolies?
As Google and Facebook come under increasing scrutiny for how they handle user data, it has become evident that our approach to the commodity needs to be changed. Not all kinds of data are made, accessed or sold equally. Creating a marketplace for their trade ensures value is transferred to the source and brings fair valuation to the price of the data. Accenture suggests that IoT data marketplaces alone will be worth $3.6 trillion by 2030. Their applications will vary from decentralised machine learning to distributed computing. The infrastructure to sell and purchase this data is referred to as data marketplaces. It could ensure that data monopolies aren't created by firms like Google or Facebook as they hold the highest concentration of user information currently. We take a quick look at the role blockchains will play in enabling their creation and the kinds of data marketplaces in today's newsletter. 
The core value addition a blockchain will offer in the context of data marketplaces will be proving the source of the data (provenance) and ensuring incentives (quick payments) for those supplying it. They will also be able to provide tamper-proof records of transactions within the marketplace. A truly decentralised marketplace for data would be stakeholder driven instead of a central corporation dictating its operations. This could bring considerably more transparency to how data is sourced, paid for and accessed when compared to models like those of Facebook. With the help of self-sovereign identity (SSI), an individual will be able to choose who they sell their data to.  For more, we suggest exploring Ocean's post on how inter-service networks would generate value through data marketplaces in this post here. 
Data marketplaces will be used for trading sensory data, enabling the trade of data between businesses (B2B) and allowing retail users to sell their personal data to third parties.  For instance, Datum has a functional app on the Android and iOS store that allows individuals to create self-sovereign identities and use it in decentralised applications. It will also prove to be beneficial for data scientists that are currently looking to source large data sets to train their machine learning models. By increasing the amount of data they have access to, they could reduce the frequency of errors in their model. Large-scale transfer of data between enterprises would pave ways to create new business models and unlock value that remained siloed until then. More on the matter from 's deck here.  

If you are in Singapore, make sure you attend Ocean Protocol's meetup on the 18th of December to see a live demo of their marketplace tech demo and updates from the community. 
News from the past week
1. On finding token-network fit  -  Link

2Kakao has made an investment in its first blockchain startup in a deal with Israel’s Orbs. - Link 

3.The journey to machina economicus  -  Link

4. Is  tech too easy to use? - Link

5. Binance to launch own chain -  Link

All the bad things about the Internet—I don't think they come from people being free to communicate with one another. I think they come from the advertising revenue model.
    Email a Friend  
You can update your preferences or unsubscribe from this list
This email is intended only for the person to whom it is addressed and may contain confidential information. No one else may place any reliance upon, copy or forward all or any form of this email in any way. If any addressing or transmission error has misdirected this email, please notify us immediately by responding to us directly, and ensure that the email and any attachments are immediately and permanently deleted and is not used, disclosed, copied, printed or relied upon in any manner. In no event shall Outlier Ventures Operations Ltd or Outlier Capital LLP be liable for any direct, consequential, incidental special, punitive or other damages, whatsoever (including without limitation, damages for loss of business profits, business interruption, or loss of business information), even if Outlier Ventures Operations Ltd or Outlier Capital LLP have been advised of the possibility of such damages. Outlier Ventures Operations Ltd may monitor email traffic data and also the content of this email for the purposes of security.

Outlier Ventures Operations Ltd is registered in England and Wales, company registration number 10722638. Outlier Ventures Operations Ltd is an appointed representative of Sapia Partners LLP which is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 550103).

Crypto-currencies can be extremely volatile and subject to rapid fluctuations in price, positively or negatively. Investment in one or more crypto-currencies may not be suitable for even a relatively experienced and affluent investor. Each potential investor must make their own informed decision in connection with any such investment (after having sought independent financial advice thereon).

The content provided in this email is provided for information purposes only. It is not intended as an offer or solicitation to enter into any proposed transaction or investment.

In this email you will find links to other websites; they are for your convenience or to provide additional information, they are not an endorsement or a financial promotion. Outlier Ventures Operations Ltd Is is not responsible for the any contents, data, opinions and or reliability of the linked websites, and does not necessarily endorse views expressed on the linked website, and does not accept liability for the accuracy or completeness of any such information or opinions which can be subject to change without notice.
You can update your preferences or unsubscribe from this list

This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
Outlier Ventures Operations Ltd · C/O Milsted Langdon LLP · 46-48 East Smithfield · London, Middlesex E1W1AW · United Kingdom